Sourcing Fee definition

Sourcing Fee means the sourcing fee which is paid to the Asset Manager as consideration for assisting in the sourcing of such Series Asset and as specified in each Series Designation, to the extent not waived by the Managing Member in its sole discretion.

Sourcing Fee means the sourcing fee which is paid to the Managing Member or its Affiliate as consideration for assisting in the sourcing of such Series Asset and as specified in each Series Designation, to the extent not waived by the Managing Member in its sole discretion. For Empire Series, the Sourcing Fee is $5,350 not to exceed 1.0% of the Offering, unless all or a portion is waived by the Managing Member in its sole discretion. For City Park Quad (Columbus) Series, the Sourcing Fee is $5,350 not to exceed 1.0% of the Offering, unless all or a portion is waived by the Managing Member in its sole discretion.

Sourcing Fee has the meaning assigned to such term in Section 6.1.

Examples of Sourcing Fee in a sentence

• Notwithstanding the foregoing, the separate approval of the holders of Dalmore Series Interests shall not be required for any of the other matters specified under Section 12.1 Splits There shall be no subdivision of the Dalmore Series Interests other than in accordance with Section 3.7 Sourcing Fee No greater than $35,000, which may be waived by the Managing Member in its sole discretion.

• Notwithstanding the foregoing, the separate approval of the holders of Cedar Ridge Series Interests shall not be required for any of the other matters specified under Section 12.1 Splits There shall be no subdivision of the Cedar Ridge Series Interests other than in accordance with Section 3.7 Sourcing Fee No greater than $35,000, which may be waived by the Managing Member in its sole discretion.

• Second, 20% to the Managing Member and 80% to the Members (pro rata to their Interests and which, for the avoidance of doubt, may include the Managing Member and its Affiliates if the Managing Member or any Affiliates acquired Interests or received Interests as a Sourcing Fee or otherwise).No Series of YSMD has been liquidated to date.

• Notwithstanding the foregoing, the separate approval of the holders of Woody Creek Series Interests shall not be required for any of the other matters specified under Section 12.1 Splits There shall be no subdivision of the Woody Creek Series Interests other than in accordance with Section 3.7 Sourcing Fee No greater than $35,000, which may be waived by the Managing Member in its sole discretion.

More Definitions of Sourcing Fee

Sourcing Fee means a fee payable to the Managing Member for identifying a Series Property and its efforts to evaluate a Series Property, which fee will equal an amount of up to 10% of the gross offering proceeds of any applicable Initial Offering or Subsequent Offering in which Company raises capital for the purpose of a Series acquiring a Series Property.

Sourcing Fee means the sourcing fee which is paid to the Managing Member or its Affiliate as consideration for assisting in the sourcing of such Series Asset and as specified in each Series Designation, to the extent not waived by the Managing Member in its sole discretion.

Sourcing Fee means the sourcing fee paid to the Asset Manager by the Investor Members in a particular Series equal to six percent (6%) of the Purchase Price of the Artwork acquired by such Series. SP means a segregated portfolio established by Xxxxxx to own a specific Artwork. Subscription Agreement means the agreement to be executed by each Investor Member (i) reconfirming, among other matters, the representations and warranties made in its Auction Agreement, including Accredited Investor status, and (ii) confirming its agreement (A) to accept the Class A Shares allotted to the Investor Member upon funding its Capital Contribution associated with its Winning Bid, and (B) to be bound by the terms of this Agreement.

Sourcing Fee means the sourcing fee which is paid to the Managing Member or its Affiliate as consideration for assisting in the sourcing of such Series Asset and as specified in each Series Designation, to the extent not waived by the Managing Member in its sole discretion. For Gravity Series, the Sourcing Fee is $406,000 unless waived in whole or in part by the Managing Member. For Empire Series and City Park Quad (Columbus) Series, the Sourcing Fee is $5,350 for each not to exceed 1.0% of the Offering unless waived in whole or in part by the Managing Member.

Sourcing Fee shall have the meaning set forth in Section 6.10 herein.

Sourcing Fee means a percentage of Par equal to one (1) basis point, or .01%; provided, however, that such Sourcing Fee shall be increased to two basis points, or .02%, during any fiscal quarter in which the average Dwell Time during the prior fiscal quarter was greater than three (3) calendar days.

Sourcing Fee means a percentage of Par equal to three (3) basis points, or .03%; provided, however, that such Sourcing Fee may be reduced by the Service Provider to (i) two and one-half basis points, or .025%, during any fiscal quarter in which the average Dwell Time during the prior fiscal quarter was less than three (3) calendar days and equal to or greater than two and one-half (2.5) calendar days, or (ii) two basis points, or .02%, during any fiscal quarter in which the average Dwell Time during the prior fiscal quarter was less than two and one-half (2.5) calendar days, in either case only to the extent the reduction in the average Dwell Time was the result of the Company’s projected capital needs; and provided further, that such Sourcing Fee shall be increased to three and one-half basis points, or .035%, during any fiscal quarter in which the average Dwell Time during the prior fiscal quarter was greater than five and one-half (5.5) calendar days.